US President-elect Donald Trump Monday vowed to impose big tariffs on Canada, Mexico, and China on assuming office, potentially triggering a trade war, spiking US businesses' and consumers' costs, and choking supply chains.US President-elect Donald Trump Monday vowed to impose big tariffs on Canada, Mexico, and China on assuming office, potentially triggering a trade war, spiking US businesses' and consumers' costs, and choking supply chains.
Trump said he'd levy 25% tax on all goods coming in from Canada and Mexico; Chinese products would attract an extra 10% over all additional tariffs. He'll stick to them till these nations curb illegal immigration and drug trafficking, he said.